company activities and management

Is the worst over for bitcoin and the rest of crypto?

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up righthere. New York CNN Business — The meltdown of FTX has sent the price of bitcoin and other cryptocurrencies tumbling more than 60% this year…and the carnage has spread to publicly traded companies with …

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Kroger and Albertsons want to create a grocery empire. The last supermarket mega-merger backfired

New York CNN Business — When Christine Martinez found out last month that Kroger and Albertsons planned to merge in a deal worth nearly $25 billion, she thought, “here we go again.” Martinez lost her job as a pharmacy technician in the aftermath of a prior supermarket mega-merger: Albertsons’ $9 billion tie-up with Safeway in …

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BlockFi files for bankruptcy as contagion grips crypto markets

New York CNN Business — Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, Alameda …

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Green Sprouts recall: Stainless steel sippy cups recalled for lead risk

CNN — A baby product company has recalled around 10,500 sippy cups and bottles over lead poisoning risks. Green Sprouts, a North Carolina-based company focused on “natural parenting,” has recalled three products: a stainless steel sippy cup, a stainless steal sippy cup with a straw, and a stainless steel straw bottle. The base of the …

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Green Sprouts recall: Stainless steel sippy cups recalled for lead risk

CNN — A baby product company has recalled around 10,500 sippy cups and bottles over lead poisoning risks. Green Sprouts, a North Carolina-based company focused on “natural parenting,” has recalled three products: a stainless steel sippy cup, a stainless steal sippy cup with a straw, and a stainless steel straw bottle. The base of the …

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JCPenney was once a shopping giant. Can it make a comeback?

New York CNN Business — Marc Rosen didn’t flinch when he was offered the top job at JCPenney last year. A stalwart of twentieth-century retail for middle-class Americans seeking affordable clothing and home furnishings, JCPenney has struggled for more than a decade and fell into bankruptcy shortly after the Covid-19 pandemic in 2020. But Rosen, …

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Frontier Airlines no longer has a customer service phone line

New York CNN — Customers who need flight information or want to make changes to travel plans can no longer call Frontier Airlines and speak to an agent, the company confirmed to CNN Saturday. Starting last week, the ultra low-cost airline said it has transitioned to fully digital communications. Customers seeking help or information from …

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